Dehradun, July 11 -- The Third Australia-India Annual Summit was co-chaired by Prime Minister Narendra Modi and Australian PM Anthony Albanese in Melbourne on Thursday to advance the two nations' Comprehensive Strategic Partnership. The relationship has transitioned significantly from its historical reliance on the "three Cs" (Commonwealth, Cricket, and Curry) into a high-momentum strategic and economic alliance.

It may be noted in this context that economic cooperation between the two nations is growing at an unprecedented pace, particularly as the Economic Cooperation and Trade Agreement (ECTA), implemented in 2022, provides 100% duty-free access for Indian exports like textiles, pharmaceuticals, and engineering goods. It also grants pre...